Startup funding

Online test preparation platform Toprankers has raised $4 million in funding round from Sixth Sense Ventures.

Mobile POS startup QueueBuster has raised Rs 63.3 crore ( around $8.16 million) in its Series A funding round from Chiratae Ventures, Omidyar

<p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>Unwind Mind</strong> announces the closing of its pre-seed funding round, wherein it raises Rs. 2 Cr. at a Valuation of Rs. 15 Cr. with participation from strategic investors, including Yogesh Chaudhary and Marwari Catalysts.</span></span></p><p></p><table align="center" cellpadding="1" cellspacing="1" style="width:500px;"><tbody><tr><td><img alt="" src="https://www.newsvoir.com/images/article/image1/20694_marwari.jpg" style="width: 500px; height: 202px; margin-left: 10px; margin-right: 10px;" /></td></tr></tbody></table><p style="text-align: center;"><strong><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Surendra Rajpurohit, Founder and CEO, Unwind Mind with Sushil Sharma, Founder and CEO, Marwari Catalysts</span></span></strong></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Unwind Mind is a D2C venture aiming to enter into D2C fashion brands. Further, the startup will use the funding to aid and enter into the D2C fashion super-specialized category to become the market leader.</span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">The D2C ecosystem in India is growing exponentially due to factors like increasing first-time internet users and evolving consumers expectations, who are willing to experiment with new products and prefer personalized and direct engagement with brands.</span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">In this context, <strong>Surendra Rajpurohit, Founder & CEO of Unwind Mind</strong>, says, <em>"Indias D2C (Direct-to-consumer) market has been buoyant due to several successful startups, and the sector is poised to become a $100 billion addressable market by 2025. In addition, the pandemic has accentuated the need for the D2C way of doing business. This has contributed to the emergence of horizontal and vertical e-commerce players, social media marketing, and logistics options."</em></span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><em>"Moreover, we anticipate robust consolidation activity in the D2C ecosystem in the upcoming years as the Millennials are coming up with exceptional ideas ready to disrupt the traditional market. Our purpose at Unwind Mind is to revolutionize the D2C space by scaling promising D2C brands by involving tech support and industry expertise."</em></span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Sharing his viewpoint on the emerging D2C ecosystem, <strong>Sushil Sharma, the Founder & CEO of Marwari Catalysts</strong>, says, <em>"Our experience in consumer tech has been remarkable after two portfolio startup acquisitions in consumer-tech categories in the past one year, and were very bullish about the industry."</em></span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">He further states, <em>"The robust Internet ecosystem and evolving customer acquisitions strategies have made new business models viable and have led to the emergence of the direct-to-consumer (D2C) distribution channel. Today, India is witnessing the rise of D2C brands across categories, and the market is expected to flourish exponentially in the coming years. In addition, we expect high levels of funding activity in this space, increasing over time, as more successful D2C outcomes will validate the hypothesis for newer capital deployment."</em></span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Commenting on the investment, <strong>Yogesh Chaudhary, the Founder of Jaipur Rugs, and Investor, Unwind Mind</strong>, says, <em>"India is definitely making a mark with the tremendous D2C disruption. With the pandemic accelerating the digital transformation and triggering the D2C/eCommerce turning point, Indian startups have been given a wider field to grow their customer base through digital penetration, followed by offering a diverse yet solution-based product portfolio." </em></span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">He further adds, <em>"The potential of the D2C market in India will only continue to grow, and Unwind Mind is well-positioned to effectively tap this industry while helping brands scale."</em></span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>The journey towards growth..</strong></span></span></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">It is encouraging to see the immense growth of the D2C business model over the years. This year, we expect D2C businesses to gain momentum, expanding niche categories, new entrants, and positive investments from investors. As we look ahead, D2C brands will continue to flourish, with leading brands also launching their digital-first arms. And technology and innovation will be key to building impactful brands as the market evolves.</span></span></p> <img src='https://newsvoir.com/images/blank-png-1.png' data-image='https://reports.newsvoir.com/images/pixel.gif' alt="" border="0" height="0" id="img_pixel" loaded="" width="0" onload="javascript: if (document.getElementById('img_pixel').getAttribute('loaded') == '') { document.getElementById('img_pixel').src = 'https://reports.newsvoir.com/Scheduler/CapturePartner?for=news&newsid=20694&author='+ new URLSearchParams(window.location.search).get('author') +'&referrer=' + document.referrer.toString() + '¤t=' + document.URL.toString(); document.getElementById('img_pixel').setAttribute('loaded', 'k'); } " / >

Recently Physics Wallah, an edtech startup founded by Alakh Pandey, is the latest company to become the fast-growing profitable company to join

Fintech startup HostBooks has raised $3 Million in its Series-A funding round from Razorpay.

<p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><a href="https://www.jitojiif.com/">JITO Incubation and Innovation Foundation</a> (JIIF) and JITO Youth wing (JYW) in association with North Zone recently hosted the grand JIIF Shark Angels. Out of the 5 startups that pitched, 4 received cumulative investments of INR 6.3 Crores. As per the breakup, INR 50 Lakhs secured by the employee retention and customer loyalty platform <a href="https://www.unomok.com/">Unotag</a>, the gloves making company <a href="https://glovatrix.org/">Glovatrix</a> that help deaf and dumb communicate is assured INR 80 Lakhs support, Photos sharing platform and tool <a href="https://www.kwikpic.in/">Kwicpic</a> raised INR 1 crores, Edtech skill testing platform <a href="https://offee.in/">offee</a> pitched last and got commitments of 4 crores. Of the 4 that raised funds, 3 startups also closed their funding round through Shark Angels commitments only. The audience have also shown interest to invest in the startups.</span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">With the 200+ live participants and 1400+ virtual audience the massively successful event saw the support from the highest level of dignitaries such as Shri. Anilji Jain - Refex Group, Shri Bajjrangji Bothra - Epack Group, Shri Hemantji Jain - KLJ Group, Shri Vinayji Jain - MLM Group, Shri Prasanji Jain - Sugal and Damani Group and Manojji Mehta - MTC Group. Without these dignitaries this stature of event could not have been achieved. This is the third in the series of this event that is planned to be organised in multiple cities. The event was hosted by celebrity Ranvijay Singha and Dhruvin Dhruva from JIIF Secretariat.</span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Shri Vikaramji Jain, JITO North Delhi Chapter Chairman and Shri Ramanji Jain, JITO Gurugram Chapter Chairman has organised the JIIF Shark Angels as a part of JITO Games which took place in Noida from 26th May to 28th May. Thanks to JITO North Zone for constant help and support. Also to the games and North youth team and many others for helping in organising the event.</span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>Jeenendra Bhandari Chief Secretary of JIIF</strong> said, <em>"JIIF Shark Angels has the vision to create a pan India impact in terms of financial resources as well as business connections. A multi-city Shark Angels event organised to ensure local startups maximize their potential and realise their dreams along with channelizing investments from potential sharks at regional level. Thus, enhancing the benefit of synergy and strategic expertise of investors and startups strengthening the regional ecosystem."</em></span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>Anup Mehta, Vice-Chairman of JIIF (Incubation, Acceleration and Corporate Innovation),</strong> expresses gratitude to the Shark Angels of the Noida event, the JIIF Secretariat team to bring life and execute this vision of on the spot fund raising event to this level. Youth Wing, especially Dhiraj Chajjed, National Youth Chairman, has been an equal partner in this journey, and JIIF looks forward to their continued support for all the events planned across India. Sincere thanks to Shri Ramanji Jain making arrangements and hosting the event on such a magnanimous scale. JIIF is also grateful to its National Sponsor Finmen Advisors for providing support to fuel the organizing team with enthusiasm.</span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">JIIF looks forward to the support the strong Startup ecosystem by leveraging the JITO Network to benefit all the stakeholders to provide the necessary support and best of resources to our Jain Entrepreneurs and be a catalyst in their journey of being unicorns from soonicorns. The sharks have been kind to let the audience participate in investing with them on the same round so whoever would like to invest into one of the seven startups kindly get in touch with the JIIF Secretariat team at [email protected] or visit our website to know more.</span></span></p> <img src='https://newsvoir.com/images/blank-png-1.png' data-image='https://reports.newsvoir.com/images/pixel.gif' alt="" border="0" height="0" id="img_pixel" loaded="" width="0" onload="javascript: if (document.getElementById('img_pixel').getAttribute('loaded') == '') { document.getElementById('img_pixel').src = 'https://reports.newsvoir.com/Scheduler/CapturePartner?for=news&newsid=20641&author='+ new URLSearchParams(window.location.search).get('author') +'&referrer=' + document.referrer.toString() + '¤t=' + document.URL.toString(); document.getElementById('img_pixel').setAttribute('loaded', 'k'); } " / >

Edtech platform Exprto has raised Rs 5 crore in its seed funding round from GSF and Angel List USA.

India’s first Cloud gaming platform, The Gaming Project has raised $500,000 in Seed funding round from FAAD Network along with Upsparks,

Cell cultured milk platform Brown Foods has raised $2.36 million in seed funding round from Y Combinator, AgFunder, SRI Capital, Amino Capital,

Fintech Unicorn company, CRED has raised $140 million in as part of its Series F funding round from new and existing investors at $6.4 billion valu